A young man buys a new stereo. Three years later, he decides that the stereo does not sound as good as the new stereos that are for sale, so he buys a new stereo. This is an example of which of these?

A young man buys a new stereo. Three years later, he decides that the stereo does not sound as good as the new stereos that are for sale, so he buys a new stereo. This is an example of which of these?

1. Marginal Utility

2. General Equilibrium

3. Marginalism

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A young man buys a new stereo. Three years later, he decides that the stereo does not sound as good as the new stereos that are for sale, so he buys a new stereo. This is an exa…

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